Technology

Technology Sector Update for 06/08/2023: HCP, GOOG, TSLA, EGIO

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2023-06-08 19:50:53  • 1 min

Tech stocks were advancing late Thursday with the Technology Select Sector SPDR Fund (XLK) up 1.1% and the Philadelphia Semiconductor index rising 1%.

In company news, HashiCorp's (HCP) shares plunged almost 26% after the company cut its fiscal 2024 revenue forecast and said it plans to reduce its workforce by 8%.

Alphabet (GOOG) unit Google announced several new features for Google News, including launching its News Showcase licensing program in the US. Alphabet shares were 0.2% softer.

Tesla (TSLA) is discussing making an automotive investment in eastern Spain with regional government leaders, Reuters reported. The carmaker's shares were gaining 4.4%.

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04 Oct, 2023 >
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